This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $109k initial cash invested.
-14.29%
Cash On Cash
3.76%
Cap Rate
0.59
DSCR
$3,089
Rent
-$1,298
Cashflow
Cash Flow
$3,089 income − $4,387 expenses = $1,298 out of pocket
Investment Breakdown
|
Purchase Price
$519k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$4,387
Mortgage P&I
90%
$2,771
Property Taxes
20%
$630
Home Insurance
6%
$184
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0